Warner Bros. nears closing a deal for Harry Potter online TV series: Sources

Warner Bros. Discovery Inc. is close to a deal for a new online TV series based on Harry Potter, the best-selling young adult books, according to two people with knowledge of the matter.

Each season of the series will be based on one of JK Rowling’s seven books, said the people, who asked not to be identified since the deal hasn’t been announced, suggesting years of fresh fare from the popular stories.

The company is hoping the series can be one cornerstone of a new streaming strategy that will be announced next week by HBO’s parent, Warner Bros.

The company’s chief executive officer, David Zaslav, and HBO chief Casey Bloys have worked to conv